The Only Candlestick Patterns Trading Course You Need(For Beginners)
welcome traders who is in control is the most important question you have to ask yourself when you are trading. Because in trading it is a constant battle between buyers and sellers So, to know that you have to understand candlestick patterns, candlestick patterns are the visual representation of all the activities that buyers and sellers are doing in the market So in this course I have given a clear demonstration of all the candlestick patterns how you can read them how you can understand them and how you can apply this candlestick pattern in your trading and at the end of the course i have given three rules that you can apply in your trading with the candlestick patterns so make sure you watch the video till the end and if this is something interesting to you then smash the like button subscribe to the channel if you're new to the channel and then press the bell notification button so that you don't miss out any of the content i release every day and every week, with that said let's get it okay guys so let's start our course candlestick pattern full course so first of all who is this course for? this course is for complete beginner who doesn't have any kind of training experience. Also this course of course is for advanced traders so both of you will be benefiting from this course because this course covers everything about candlestick pattern now i want you to watch this video till the end because the important information you will miss if you skip some part of this video this is very very important because price action trading is the most profitable trading used by all the big boys all the hedge fund banks they they use this price section pattern with candlestick pattern trading so hopefully you will enjoy this course let's begin so first of all basics of candlestick pattern so what is a candlestick pattern first of all what does it mean now let's consider that you are in when you are in a primary or in a kindergarten school what they did they're introduced you alphabet so a b c d so when you learn this alphabet then what you did you use this alphabet in different combination to create different different words and sentences so this candlestick is your alphabet for trading so you cannot trade a single candlestick but when you combine with other candlestick and other market condition then you will get a language of the market you will understand the language of the market and if you want to trade profitably then you have to know the language of the market so let's begin with a basic candle so that the candle the candlestick uh is is the japanese uh name that came from japan for some reason there we don't need to understand it but uh let's begin what does it mean first so let's imagine that you wake up early in the morning and started open a chart for the market that what you can see is like this a small dot in the morning when the market opens so this is a small dot when say so you are looking at the daily candle so you see this dot that means the price started from here when you saw a dog or a small line and then what happened the buyer said just say for example the sellers came back to the market so when people sell the price fall down okay like this down straight line and then after some time the buyers came back in the market and they started to buy so when the price people buy the price goes up at the end of the day say the price came here and then again sellers came back to the market and they sold some areas the price closed here so how this candle is formed is basically like this so open and close here so it forms its body so this is the body of the candle and this is called week this is also week so what happened is the price opened here and then the seller came push the price back here buyer can push up here up to here and then press close back in this zone so this is a candle this is basically a representation of the order flow in the market so what the buyers and sellers are doing is a visual representation of this activities candle is showing to you so let's now analyze this candle according to the where we have discussed so what happened this is open of the session so a candle can be in different time period so we are considering a daily candle a candle can be an hour hourly candidate so an hourly candle represents that in that hour there will be a candle and the next hour there will be another candle if it is a daily candle that means in one day we will see one candle we will explain this later more clearly first so this is the open of the session the price opened here and then the seller came to the market push the price down then this is the low so price up came up to here and then the buyer starts to push the price up so when price came here why this is green because this is the opening of the session and then when the price gone up the price is being green green game so when the price came below there it was the red but when it went up it became a good so came here up to here this high of the session so this is the highest price on the day that the buyers brought and then the price the seller came back again to the market push the price here at this point the market closed this is this is the closing price and after the end of the trading day this candle is formed so this is the basic alphabet of the trading that you need to know so again i'm repeating this is the low of the session this is the opening of the session this is the close of the session this is the high of the session so when you know this you understand what happened now this is this is this particular time period it can be a hour lead candle it can be one hourly candle it can be one minute candle or it can be a weekly monthly channel so whatever the time frame is the representation of this uh training activity happened on this time period now let's see how does it look like a seller candle so this is a a different candle so what happened on the day on the previous scandal the price opened here and then went up now let's assume the next day when the price closed here captioning not available at this point and then the buyer came back again and pushed the price and the market closed here now the previous one the market opened here and the price gone up so it became a green candle normally it is a color coded when when price goes like the buyers are in control the price goes up it presented my green when the seller in control price goes down represented by red but you can choose your own color normally it's a it's it's a general color theme for this types of movement now the price closed here so this is the close of the session this is the low of the session this is the opening of the session and this is the high of the session and this is a visual representation for this mode of this camera so i hope that you understood now what a candle is it's a different time frame we can use in different time frame but this is the basic concept of a candle let's look what types of candle you can see so now this is the most important question you always have to ask yourself when you are trading remember always remember this question who is in control remember because if you know who is in control that means you will be on the side of this strong group who is in control and you will be doing it all the time the basic things you have to learn and this candle this candlestick will tell you who is in control because you need to answer this question before you take a treat now for this candle who is in control that's correct buyers in control how do you know see the market open here and even there is no week here so as soon as the market open the buyers started to take control the price gone up up up up up up to here this is the high of the session and then some some replacement or seller came the price closed here so this green candle because they said the price was here 1.5
and the price pros at two the price save went to one two point three and then the seller came the price closes too so this this represents the buyer was controlled in this trading session so what about this one and then say the price flows here and the next trading session suddenly all the sellers came back even buyer could include any so the strongly price came down to this level and again some buyers came and then the price closed here so this in this this trading session completely seller in control so this is the first thing you have to understand when you look at a candle you have to understand who is in control of the time period because that will tell you to take the next move when there is a buyer's control then you will know that what to do next in combination with other factors that you will consider later so hopefully you understood this that who is in control you will understand from the candlestick pattern now let's go down to the next one now all these types of candle who is in control the previous one we have seen that there is a strong body that is telling you who is in control now when you see a candle like this you need to ask this same question who is in control so first analyze this one what types of candle is this say let's see what happened here so this is the opening as you know and then what happened buyer skin they have pushed the price little bit up up to here so this is the opening of the session and then what happened seller came back to the market strongly they pushed the price down here and when they put this price at this level the bulls came on the market unless rejected this but they said no will not let you go down we will take control and the buyers aggressively put the price up to the opening of the price and then even further to this point close here now in this scandal in this particular candle who is in control i will give you for 10 seconds that's right this in this scandal buyers in control buyers in control why because look the seller came to this point but at the end of the day what different buyers push the price even higher than when the seller dropped so this is a sign of strong rejection from this level when price created rejection that means the buyers took control of this candle and we can make this candle this this is a we'll learn later how we'll name this uh this is basically a uh hammer candle so we'll learn later more about this but for now and it's look like a hammer so it's with a small small body and long weave it's a hammer normally the definition of a hammer is when the weak is two times the body is called a hammer and in this candle so what we have understood is buyers in control so buyers push the price up now let's see this one what about this one what happened the price the the market opened here and then the buyer scale push the price up to here and then strongly rejected from this level the seller came back and the closed price back below here now who is in control in this candle that's correct seller is in control because at the end of the day the seller the buyers have been rejected from this level and the seller take control now this is also a hammer remember this color of the body when there is a small small body like this for a hammer or a pinball is not important the the shape and the pattern is important if this one can be red or wheel this one can be readable but the same function so it can be told as a so based on where it is located it can be tell the shooting star inverted mr hammer will learn it later but for now you have to understand that who is in control of a particular candle so what do we have learned from here there is a long way strong rejection along with indicates a strong rejection and that is a sign of the market sentiment change so this one here from seller to buyer to control this one from buyer to seller to control now let's see the next pattern so the next one is this one so who is in control on this candle but you have to know so this one is a small weak with narrow body so this candle is basically told as doji so this one is dodgy deo so this is a dodgy candle so doji means what happened the price opened here the buyers came here pushed the price up and then the seller came back pushed this level for this level and then the again buyers came and closed almost the similar place when the price was open and form this dodgy candle so this in this candle represented the the buyers and sellers had almost a similar battle so the the price is or no one is in control that means both has equal control so this is this is in decision the market is in indecision neither of this group has won the battle so this means that dodgy candle is a very very important channel we'll learn later now we have learned the basics of the candlestick now let's do the summary so catalystic pattern represents order flow of a particular trading session or a period so this is the candlestick pattern the presence a candlestick has four components open close low and high also candlestick represents who was in control on the trading period so far are you with me hopefully you understood so basically what we have learned so far is how we will read candlestick and what it means to you now let's move on now we'll learn the combined candlestick so different time frame let's consider this scenario so let's say that this is a 15 minute scandal so the price opened here buyers took it up to the high to this level and then closed back here in the first 15 minutes so when the market grows here on the first 15 minutes the next candle is start here okay and then whatever the set then the buyers again came to the market pull the price up to this level and then seller aggressively came and pushed the price back here and up finally closed back here so this is a 15 minutes chart when you look at the 15 minutes chart you see this like that but what happened when you see on a 30 minute chart or half an hour chart what do you see you see this scandal this is very very important you need to understand it otherwise it will be very confusing for you when you are looking at the chart so this when you look at the 30 minutes or half an hour chart you see not like this you see this so what does it mean if you see only 13 years what it means that the price the market opened here buyer scheme to this point push the price up to here and then the seller rejected this price to this level and close here so for the 30 minute scandal is basically the open is here close it here okay this is the rejection so this is the body for this candle so on the 30 minute you will basically see a hammer on this candle so this is very very important that you understand this concept of multi-time frame or combined candlestick now let's see a real example okay so this chart will be looking and let's see the real example so this is a real chart where you can see this pattern so let's look at this particular candle so this you see this green candle first 15 minutes opened here and then closed back here the next candle opened here and then sellers came back closed back here so this chart basically a 15 minutes chart and this is what happened on this two candle on the 15 minutes let now let's go to the 30 minutes chart so the for the same same australian dollar even dollar for the same thing on the 30 minutes you will see this candle look at this one here okay you see this candle so the same representation but in a different time frame so you need to understand it green candle closed here the next one goes back below so finally on the 30 minutes you see basically open here close here high and low so i hope this this clears you so this is what happened when you go to the different time frame let's move on now let's go to the let's see another example so this is another example on the higher time frame what do you see that on the hourly time frame on the hourly time frame so i draw this box so that you can identify where is the location so this box is no chart or anything just it's a separate box so what do we see on the hourly is see if we consider this candle first one first hour then what do you see the price opened here and then you know the the seller came take to this point first open here and then the buyer came take to this point from there the seller came up to here and then the price closed back here so this is the body of the weak candle this is the low this is the high next one what happened is the price closed here the next one open here again came to this point again went up and close here so this is becoming green because this is opening this is close here what happened on the next one because it closed here again opened here after that the seller came brought the price here and then buyers pushed the price back up to here again seller came and the closed in this part so this candle closing here open here closing here and the next one the same thing happened seller came and the close here so all these four candles this is one hourly chart like this but if you look at that like if you look at the four hourly time frame this same scenario what you see is this look at this you will see only this so that's one very very important you need to understand on the four hourly you see this why because look starting of the hour was here so this is the opening level of the hour right and then price gone up down up down quite a few times and then the on the final hour what happened the closed here right this is the closing of this candle this is the opening of this candle this is the closing of the scandal they are in the same line see they are in the same like on the other candles what happened the price just gone up and down so on the lower side the price have come to here on the higher side the price have come here and that is what we presented on this four hourly candle so the price where the price open close there this is the high of the price this is the low of the price so that's how you have to read candlestick pattern i hope this this example clears you how you can read multi-time frame candlestick or combined candlestick pattern let's move on now major price section pattern or candlestick pattern so now you have understood how to read candlestick and how you can identify in a different time frame or how you can read the combined candlestick pattern now we'll learn major price action pattern or candlestick pattern so remember a single candle will not give you any price indication it's a letter say for example a or a single b or a c will not tell you anything it's just alphabet when you combined with other alphabet then it creates a language similarly a single candle will not tell you anything you need to combine it with other candle other market structure to create a pattern or language so that's what we will learn now the first one is called bullish or bearish engulfing pattern it's a very very powerful pattern you need to understand so first of all let's learn the bullish what is it so a bullish engulfer is like so this consider this is the support so what is the support and support is a place where the price came and rejected we'll learn it more in the future but for now consider that this is supposed to say support council is like a floor in a house so this is a support consider this candle first the price opened here went up here and then the close back below here so came here and then closed back here okay this is the low of the candle this is the high of the candle so this is the selling candle this is support and all the support what happened after closing this candle after closing this candle what happened the buyers came strongly and then the sellers tried to put price below and went a little bit lower than this low and then strongly buyers came to the market and pushed price more than this selling candle okay so the the seller was here now the buyers went above this zone and create a new higher high so that is a bullish engulfing so what what is telling a bullish and girlfriend is the sentiment change that means when the price came to this support or this floor level there is a strong buyers in this market and this point and there to full control that's engulfed this name is came from this candle has engulfed the previous one completely and close above so that is telling you the answer of this question who is in control so the price was in the seller the buyers took control from the support so when you know this when you understand it then you know that now at this point you can go long or you can buy because i control so this is a one pattern is called bullish and golfer so if we just flip this this this pattern it becomes a bearish and golfer so if we consider this resistance so when when it is a floor they consider this one the ceiling of the of the of a house so it's a different pattern so just the other way around let's assume that the buyers here is in control the candle closed in this the green candle closed here and then the next one what happened the price for the next period the price open here the buyers to control that create new high and then whatever strongly rejected from the zone and the seller to full control create a new higher high and then the price closed even more than the buyers had in control so this scandal is a bearish engulfer so when you can see a candle like this on a resistance it's a strong sign of selling pressure on the market and at that time the sellers is in full control and then you can go for short from this zone so hopefully you understand this pattern let's move on to the next one now a pin bar or a hammer so as i told you before you cannot trade these types of pattern as a single candle you have to combine with other camera so how we can trade this pin bar with respect to support and resistance let's assume that there is a selling candle now you know how this camera is formed and there is another one and then the next one what happened this is the support the price came to this level the seller put the price below but the buyers is strongly rejected and close even above the support about this result so creating this hammer or pin body okay and how do you define the pin bar as i told you the body so the width is two times then the body so it is a hammer of pinball and at this point this is a strong sign of buyers in control and then you can go for long from this result the same pattern just the other way around so when this happened there is a buyer buyer and then the buyers put the price in a new high then the seller came is strongly rejected from the zone and puts the price back below the resistance so this is a strong selling momentum okay i'm creating this pinball all this hammer pattern so this is another pattern that you can try to learn more example at the end of this course so let's move on to the next one so this is called hanging man or shooting stuff they are basically same types of thing but different combination of different market condition so this hanging men and shooting stuff don't get confused just pay attention okay i want you to stay focused we'll learn a lot of examples so it will be clear i know that initially it might look confusing to you so what is that like this one is a hanging line so what is the difference with the pin bar what do we see is when this form this the easiest way to remember that i do i i imagine this one is a human like this is a head a man is hanging okay mine is hanging here on the resistance so that's how i normally try to remember so how do you know this is a hanging men is when there is a green bar and there is a green bar it doesn't have to be always been just an ideal scenario so the fire basically buyers came and at this point what happened there is a resistance and the buyers could not break this resistance the sellers took in control and finally the price the buyers again came but they could not break this resistance because the price closed back below this resistance is a sign of seller in control now you might be saying well the seller came that at the end of the day buyers to come through yes buyers to control but they could not break this resistance if this price bring this resistance goes above there is a sign of biasing control but this one this hanging man is selling control because they could not break the ceiling if if you want to see more about these types of level i i put a link here on the above on the right side you can see another video where i have clearly defined what does it mean so this you always have to consider in relation to the level say for example if there is a house level then this is a ceiling this is a float so when the price is here you need to consider selling but when the price is here you need to consider buying this is another video i've explained clearly you can watch that one too so this is the hanging man and the seller is in control now let's see this one so this one so in this one is the other way around the seller created the scandal and there's another one selling cantrell and then the price came to this support zone so when the price came to the support zone what happened buyers took control creating this week and then the sellers came back close back above this support job now this in this in this zone will be considering buy because the seller could not break this support zone and the price goes just above this support is a representation of buyers new control so don't get confused as i told you just try to understand it i will give you more example in the coming slides so and then another pattern is called morningstar and evening star so they are just the different name of the combination of the camera so what is the morningstar is basically the price opened here and the buyers came creating a new high and after that whatever seller aggressively came creating a low and the price close finally in this area so we're creating this right candle and then the next one is creating these types of candle okay so small small you know we with a small body so basically what happened the price opened here a little bit of selling pressure a little bit of buying pressure and the plus has closed in the same place so that is the market is in decision or when the sellers open the cell entry they basically close their cell and trade this candle that means slowly buyers is coming and the next one what happens is the buyers strongly to conclude so open here low here closed high here and then closed here so this is basically the market sentiment change so the price started to reverse and after this candle if it is in a level of area value then we'll be able to buy from this from this so so that's a morning start and the beginning start is same but the other way around so this one first seller and then in decision and then the buyer this one first buyer and then the decision and then the seller so this one is the other way around so in this way you can consider selling so this is it even in the start this is a name so let's move on to the next one now we have understood all the candlestick patterns important candlestick pattern you need okay these are the most common and important candlestick bisection pattern that you need to create the market now you have understood how to read candlestick how to combine candlestick and how to understand the different candlestick pattern to find traits now we'll learn the rules to apply to this candlestick pattern so that we can we can trade the market uh using this candlestick pattern so there are three rules that i have given you that if you apply this three rule it's a problem above and tested rule that you can apply in the market so what is the first tool the first rule is market structure trending or segway so the first of all you have to know either this market is trending or sideways you learn from market structure how do you know say when you see a market like this okay creating a move and then creating a connection and then creating a new high and then there is another correction and then there is another height and there is another connection so this is basically a trending market so this is the structure of the market so this is a high this is another new high is another new high this is the low and the new low lower high this is the lower high so this is a market structure telling you that this market is in trend right similarly for the downtrend i will know so there will be a move to the down so there'll be a few candle that will tell you more and then there is a duck and there will be correction and then there is another move and then there is another connection there is another move there is another connection so this is the basically a down trending market so this is the market structure that you have to know when it is trending so how do you know either this trending or not trending by seeing the market structure it's very very important now what is the sidewalk so if the market goes like this neither creating new higher higher or higher low just doing like that going this fashion so this is a sideway market this is called the sidewall ranging market so the first thing you have to the first rule you need to apply is identifying the market structure either it is trending or in a sideway if you don't know this then it will be very difficult for you to build up to trade currently okay the next uh rule that you have to apply is finding the area of value so you have to find out support or resistance or moving average or trend line so for example say you found that this market is trending up okay like this you saw that the market is like that so you saw it is creating a new higher high okay and higher low so that means it is in an uptrend you you found this one now the next thing you to trade you need to find the area of value so area of value means it can be a support or resistance or it can be a trend line so this is the trend line trendline means where the price is moving along this line so this if if you see this the price is here that means the price is in area of bell but if you see the prices here it may not be in an area of bill unless if there is any level so this is the area of that this is the area this is the area of banner so where along the trend line is variable or some kind of moving average or if if it is a like this types of market so this can be any of that is the resistance okay because the price touched here just here rejected passed here so this is the best area so when you know the market is structured and then you will find the area value based on these factors the third rule that you have to know is entry trigger so when you found the market structure when you found the area of value the next thing you have to find out the entry trigger candlestick pattern that we have learned so far okay so for the market structure and area of value you can watch the other video that i have linked here so that you know what is area of value where you need to be for finding the trading opportunity after you find the nearby now entry trigger or candlestick pattern so you need to find out a characteristic pattern in that area either a pinbar shouldn't start bullish and golfer or whatever morning started being start and then when you see this pattern in the area value based on the marginal structure then you can decide your trade either it will go long or short so let's now the feel examples when you can apply these rules and what we have learned so far so example one okay example one so example one in the real chart we have learned we have seen so far so let's consider this scenario first of all rule number one i give you 10 seconds what is the rule number one is market structure that means either you have to find out this market is trending or sideways okay so as we have just recapping the basics so this and they told you these all are candles see these all are candles so individual one candle will not tell you anything you have to consider the bigger picture based on this catalyst so what is the market structure of this of this uh chart like what is the rule number one what you can find on this one correct this is a trending market so now you found trending but is it an uptrend or downtrend by analyzing market structure you can find it so let's start from here this is the mode and then there's a correction okay and then there is another move and then there is another correction there is another more correction more correction more correction more so what types of market it is it isn't uptrend how do you know every time it is creating see this low this low is higher than this one and this low is higher than this low this low is higher than this also but in case of higher a few things sometimes it happens so they didn't create but here it has created and here it has created here it has created so this is in a uptrend so rule number one is in a trend so you found it is in an uptrend okay so you group number one we now what is the rule number two rule number two is area of value for support resistance now look at this particular example this pin bar okay before we train this pin bar we need to satisfy all the ropes so where this pin bar formed so how do you know this is a pin but first as as as part of the description that we have learned so far see this is a small body long weak and the weak is two times more than its body so this is a belly pin bun or whatever you want to say and then this spin bar formed in an area of value how do you know that if you draw this trend line okay so this is in a trend line first thing another thing look at this level here so the price came here creating this support see this red candle closed here and then the green candle rejected from this level every time the candle is coming here rejecting from this level creating a level of support so only support this pin bar is formed so this pin bar is in an area of value so rule number two to trade this is you found area of value okay so the rule number two is satisfied area of that now let's go to the rule number three what is the rule number three the rule number three is price section better so you found trending market you found in your value now the price section pattern so rule number three is price section pattern so what is the price action pattern or entry trigger so what is your entry trigger here it is pin by okay this bar is closed above this support about this support so this is the entry treatment and then you can go long from this so it's a very profitable trade so when you you apply this three rule you found the profitable trading opportunity okay is it clear let me know if you have any confusion let me know in the comments i will clarify you personally okay make sure you comment below if you have any question let's move on to the next example example number two is we'll learn the bullish and beige engulfing better so the first rule as i told you what we have to consider is market structure now tell me what types of market structure is this correct this is a ranging market how do you know price creating this range so neither creating it later it might be trending but for this zone it is in a range or if you consider this move only it is an uptrend this move only it is a downtrend but overall picture it is a ranging market creating a resistance and support so how do you consider this uh let's find first area of value first consider this one okay the first one is that we found the market structure is changing the second goal is area value so this if we see this zone here this is the resistance how do you know so the price basically is not a line it's a zone so this zone is look here this is the resistance here there is a resistance here the price rejected from this um two zone creating a level of resistance and then the price came here again went back there creating another touch and then strongly rejected now how so this this zone is this from this zone this red candle is created this red candle basically a perish and golfer how do you know see this candle basically can go the completely the previous one the seller the first look at this candle the price closed here and then the next one the seller strongly pushed the price back up to this point and crawl back here so this is a bearish and golfer from the level of resistance the price came here completely and got the previous one is a sign that the seller is in full control of the market okay so that's a bearish and golfer as we have learned so far okay so let's see this example okay this is the bullish engulf for example so let's apply the rules same rules here for this one this is a level of support how we know the level of supports if the price created a resistance here later broke and acted as a support in this zone and also has a supporting vision the price came here with the red candle and then rejected the buyers strongly to control creating this strong green candle now when it has created this skin candle then we can think of training but we need to again apply all the rules the first one we need to understand the marker structure okay so this is the sidewall as we already explained but if you consider this more this this can be a trending but as we know that the the price came to this level of area of value and then rejected so the first rule that we will be applying here is what is the first rule market structure that you have known second rule in your value both is being applied the third rule is trisection pattern or entry trigger that's what we have learned so this is the bullish and golfer on the area of value the supporting the market structure so we can go from long after the scandal for this to the upside so let's move on to the next example okay so third example is about the shooting stuff this is a very very profitable price section pattern so shooting stuff and hanging them so first of all let's see this example here so this candle you see this candle this is the perfect example of shooting a star okay so this first of all let's see this market structure rule number one market structure what is the market structure from this move that's current it's clearly significant uptrend creating a higher high and lower high levels it is more creating this high and then this connection creating a new higher high and then the lower high and then the new higher high every time it is creating a new higher iso rule number one satisfied it is in a applied it is in an uptrending market rule number two is find the area value so this is a trend line okay so in one sense it is an area also this is the level here okay so this is the any of value for this scandal so this scandal is formed we learn the marker structure and we found the area of value for this scatter now we can create this bisection pattern so this is the shooting star how do you know it's a shooting star is because this scandal has an opposing direction we that we have learned so far if you still not understand go back to the lesson and see what is the shooting star and then this is formed this candle is formed in an area value so it couldn't break that bring the support but closed above the support so we can create this and the shooting star pattern this is third rule is the entry ticket is a shooting stun go for long with a stop loss below this low and it's a very high risk to the world ratio trade all right so far with me all right cool now let's see this one is the hanging man so this is just opposite okay this hanging mains form so first of all what is the first rule marker structure this is a ranging marker okay if you see the bigger picture it might be uh trending but for this zone it is ranging so how so as it is ranging then let's find the area value so this is the one touch resistance resistance resistance okay so first the price came here rejected creating a level of resistance again came back here again rejected getting another level of resistance when the price came here we can watch the price section for further rejection because since it has rejected quite a few times there is a charge it will be rejected again and that is what happened what happened the price came here to the zone creating this hanging man as i told you how do you remember hanging man consider this is the head hands okay two legs okay so this is the hanging band and shooting a stage just the other way around so when you see this hanging man that means you found the third rule to be applied for this training and then you can go for short from the zone with a so it's a very tight train but you can have a very good streak slowly but if you do you'll stop us above this zone but entry here it could be a one two four or five trade even with this small movement if you know how to apply this shooting star and hanging on in the real chart okay so let's see more examples okay so let's see example number four okay in example number four we'll learn how we can train the evening star and morning star so as we said the evening mr morningstar is like there will be a couple of candles but for this one what you see is the price this green candle has not moved and then creating this is like a plus like candle which is a small which is small body and then from here what happened the past fall okay so creating this evening star so in this evening star how will be trading this is the level of resistance so we can't see left but there is a level that that is creating this level of existence and from this level from this zone you can go for sure your stop-loss will be above this law so what are the rules that we are applying in this one so this is a so far we can see that this is a sideway market there is other um kind of that you can't see so creating this uh arranging market and after the way in this ranging monday this is the area of value or resistance creating this evening star or a stop loss will be above and then what this project will be this move to the downside so rule number one market structure we have found rule number two is area of value we have found number three the prime section patterns beginning is done for the morning star is same so what about first rule here so this one was sideway what about this one correct this one is a uptrending market because every time it is creating a new higher high and lower so we found the trending market and the second is finding area so this this level see this candle you are thinking about so this level is basically area y this candle this this zone the price has been rejected quite a few times and also this is a swing low for this for this trend creating a new so this basically this zone is just a bit about this zone so this candle is rejected from this previous swing load so this is the area value this is the area of value and in this area of value so what we can do we can see this morning step red candle and then the previous one is dodgy indecision and then the next one is paid so you can go for long from this zone and our stop-loss would be bigger and then slowly class will go up that's what we expect so we have learned this example for as well let's move on now we have learned all the examples that we need to understand this bisection pattern now we are at the end of the course see i have given everything you need to understand that bisection pattern all the rules that you need to apply all the technique then you need to read the market structure i hope that you enjoyed this course if you have any question just let me know in the comment and also let me know what next one want me to cover for you what types of course or technique or strategy you want to learn just let me know in the comments i will do a video for you i hope that you understood everything and i hope you enjoyed it thank you for watching don't forget to subscribe for more content in the future thank you you
2021-05-25 09:18
